RNEM vs. ECOW
Compare and contrast key facts about First Trust Emerging Markets Equity Select ETF (RNEM) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW).
RNEM and ECOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RNEM is a passively managed fund by First Trust that tracks the performance of the Nasdaq Riskalyze Emerging Markets Equity Select Index. It was launched on Jun 20, 2017. ECOW is a passively managed fund by Pacer that tracks the performance of the Pacer Emerging Markets Cash Cows 100 Index. It was launched on May 2, 2019. Both RNEM and ECOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
RNEM vs. ECOW - Performance Comparison
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RNEM vs. ECOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RNEM First Trust Emerging Markets Equity Select ETF | -2.20% | 15.58% | -1.47% | 23.43% | -8.75% | 6.16% | -8.16% | 5.71% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 9.29% | 32.50% | 3.17% | 15.79% | -19.28% | 7.47% | -2.51% | 10.37% |
Returns By Period
In the year-to-date period, RNEM achieves a -2.20% return, which is significantly lower than ECOW's 9.29% return.
RNEM
- 1D
- 2.90%
- 1M
- -6.94%
- YTD
- -2.20%
- 6M
- 0.76%
- 1Y
- 8.54%
- 3Y*
- 9.43%
- 5Y*
- 4.61%
- 10Y*
- —
ECOW
- 1D
- 2.44%
- 1M
- -4.14%
- YTD
- 9.29%
- 6M
- 12.97%
- 1Y
- 37.65%
- 3Y*
- 18.71%
- 5Y*
- 6.93%
- 10Y*
- —
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RNEM vs. ECOW - Expense Ratio Comparison
RNEM has a 0.75% expense ratio, which is higher than ECOW's 0.70% expense ratio.
Return for Risk
RNEM vs. ECOW — Risk / Return Rank
RNEM
ECOW
RNEM vs. ECOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Emerging Markets Equity Select ETF (RNEM) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| RNEM | ECOW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 2.28 | -1.77 |
Sortino ratioReturn per unit of downside risk | 0.88 | 2.87 | -1.99 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.46 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.85 | -2.10 |
Martin ratioReturn relative to average drawdown | 1.96 | 14.23 | -12.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RNEM | ECOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 2.28 | -1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.39 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.36 | -0.13 |
Correlation
The correlation between RNEM and ECOW is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
RNEM vs. ECOW - Dividend Comparison
RNEM's dividend yield for the trailing twelve months is around 2.81%, less than ECOW's 4.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNEM First Trust Emerging Markets Equity Select ETF | 2.81% | 2.75% | 3.45% | 1.63% | 2.99% | 3.20% | 3.01% | 2.85% | 2.85% | 2.28% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 4.76% | 5.20% | 7.35% | 5.46% | 7.50% | 4.39% | 3.35% | 8.08% | 0.00% | 0.00% |
Drawdowns
RNEM vs. ECOW - Drawdown Comparison
The maximum RNEM drawdown since its inception was -38.38%, roughly equal to the maximum ECOW drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for RNEM and ECOW.
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Drawdown Indicators
| RNEM | ECOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.38% | -40.27% | +1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -13.09% | +2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.41% | -33.67% | +12.26% |
Current DrawdownCurrent decline from peak | -8.12% | -4.82% | -3.30% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -11.29% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 2.63% | +1.47% |
Volatility
RNEM vs. ECOW - Volatility Comparison
The current volatility for First Trust Emerging Markets Equity Select ETF (RNEM) is 6.79%, while Pacer Emerging Markets Cash Cows 100 ETF (ECOW) has a volatility of 7.25%. This indicates that RNEM experiences smaller price fluctuations and is considered to be less risky than ECOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RNEM | ECOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 7.25% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 11.25% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.02% | 16.60% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 17.66% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 20.26% | -2.98% |